=+b. Consider first the scenario of no daylight savings time in March. This implies only 1 hour
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=+b. Consider first the scenario of no daylight savings time in March. This implies only 1 hour of daylight in the 4 hours after work and before going to sleep; that is the fraction x3 of daylight hours after work is 1/4. Pick a bundle A on the budget constraint from
(a) as the optimum for this consumer given this fraction of after-work of daylight hours.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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